The timber industry is fragmented, with many businesses still relying on traditional methods. Cambium's software facilitates transactions across the supply chain, working with around 350 entities, including tree care companies and sawmills. The startup focuses on business opportunities rather than selling software, aiming to digitize operations through AI that extracts information from phone calls. Cambium recently raised $18.5 million to expand its platform, with the goal of simplifying operations for industry players while maintaining their preferred communication methods.
Key takeaways:
- Cambium is a startup that reuses wood waste by connecting and coordinating parts of the supply chain through software.
- The company offers a climate-friendly business opportunity by reducing carbon emissions through efficient wood transportation and preservation.
- Cambium's software helps digitize operations for traditionally pen-and-paper businesses in the timber industry, using AI to streamline data entry.
- The startup raised $18.5 million to develop its platform and AI, aiming to change how companies keep their books without altering their business operations.